Module 11 Flashcards
1
Q
Validating contracts
A
Offer plus acceptance
Consideration - not Scots law
Consent
Capacity
Formality
No legal prohibition
2
Q
Implied revocation
A
In negotiations one party dies
Doesn’t require communication of the fact to the offeree
3
Q
Express revocation
A
offerer is withdrawing the offer
must be communicated
4
Q
Breach of contract
A
Defective performance
Repudiation
5
Q
One party backs out of contract after agreement
A
Request an order of specific implement/ performance
6
Q
Lien
A
party not in breach
retaining or refusing deliver goods in his possession until other party performs their contractual obligations
